SCS Capital Management LLC Makes New $2.63 Million Investment in Regency Centers Corporation $REG

SCS Capital Management LLC bought a new stake in Regency Centers Corporation (NASDAQ:REG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 33,007 shares of the company’s stock, valued at approximately $2,632,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Havemeyer Place LP bought a new stake in shares of Regency Centers during the 4th quarter worth $26,000. Hantz Financial Services Inc. boosted its stake in Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after buying an additional 350 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Regency Centers in the second quarter valued at about $31,000. Finally, MUFG Securities EMEA plc acquired a new position in Regency Centers during the second quarter worth about $34,000. Institutional investors own 96.07% of the company’s stock.

Insider Transactions at Regency Centers

In related news, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the transaction, the insider owned 17,990 shares in the company, valued at $1,441,718.60. This trade represents a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Regency Centers Price Performance

Regency Centers stock opened at $76.71 on Monday. The stock has a 50-day moving average price of $79.63 and a two-hundred day moving average price of $78.02. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $83.66. The company has a market capitalization of $14.05 billion, a PE ratio of 26.00, a P/E/G ratio of 3.20 and a beta of 0.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $0.755 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. Regency Centers’s dividend payout ratio is currently 102.37%.

Analyst Upgrades and Downgrades

REG has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Wells Fargo & Company lifted their price target on shares of Regency Centers from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. BTIG Research reiterated a “buy” rating and set a $85.00 price objective on shares of Regency Centers in a research report on Friday, June 12th. Raymond James Financial reissued an “outperform” rating and issued a $88.00 price objective on shares of Regency Centers in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Regency Centers has an average rating of “Moderate Buy” and a consensus price target of $83.82.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.